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Galane Gold Ltd. Announces Senior Executive Appointments

November 10, 2014

TORONTO, Nov. 10, 2014 /CNW/ - Galane Gold Ltd. ("Galane Gold" or the "Company") (TSX-V: GG) is pleased to announce that it has appointed Nick Brodie as Chief Executive Officer.

Mr. Brodie has served as Chief Financial Officer of the Company since October, 2010.Â Prior to joining the Company, Mr. Brodie distinguished himself in progressively more senior management positions in a number of industries. After working in CFO roles in mining for the last eight years, he has gained the breadth of experience required to make the next progressive step to CEO. Mr. Brodie has also been appointed to the Board of Directors, effective immediately. Ravi Sood, the Chairman of Galane Gold, will step down from his role as the interim CEO and continue to serve as Chairman and a member of the Board of Directors.

CEO Nick Brodie commented, "I am honoured and highly motivated to lead the Company forward through this opportunity-rich time period in our sector. We have an excellent team and a stable operation with expansion potential in an outstanding jurisdiction.Â I am optimistic that we will continue to perform through this challenging time period for our industry and capitalize on the many opportunities in front of us."

Wayne Hatton-Jones, General Manager of the Company's wholly-owned subsidiary Mupane Gold Mines Ltd, has also been appointed as Chief Operating Officer of the Company. Mr. Hatton-Jones has held a number of senior management positions in the mining industry including with Gold Ridge Mining, Avocet Mining Plc, Randgold and Harmony. The appointment as Chief Operating Officer reflects Mr. Hatton-Jones' key role in managing the Company's operations and developing its strategic direction.

The Company has appointed Stephen Doolan, who currently works within finance at Mupane Gold Mines Ltd., as interim Chief Financial Officer, effective immediately.Â Mr. Doolan holds a Bachelor's degree in Business with a specialisation in accounting and has held progressively senior finance roles in a number of mining companies globally including Gold Ridge Mining, Rio Tinto plc, Glencore, and Newmont.

Chairman Ravi Sood commented, "We have benefited from Nick's exceptional performance at the Company over the past 2 years.Â He has assumed responsibilities above and beyond his role and consistently delivered results.Â The Board of Directors believes that Nick is an excellent choice for the Company and we are very pleased to announce his appointment.Â We are also particularly proud that the depth of talent at the Company is sufficient to fill all key appointments with outstanding individuals sourced internally."

About Galane Gold

Galane Gold is an un-hedged gold producer and explorer with mining operations and exploration tenements in Botswana. Galane Gold is a public company and its shares are quoted on the TSX Venture Exchange and the Botswana Stock Exchange under the symbol GG.Â Galane Gold's management team is comprised of senior mining professionals with extensive experience in managing mining and processing operations and large-scale exploration programmes.Â Galane Gold is committed to operating at world-class standards and is focused on the safety of its employees, respecting the environment, and contributing to the communities in which it operates.

Cautionary Notes

Certain statements contained in this press release constitute "forward-looking statements". All statements other than statements of historical fact contained in this press release, including, without limitation, those regarding the Company's future financial position and results of operations, strategy, proposed acquisitions, plans, objectives, goals and targets, and any statements preceded by, followed by or that include the words "believe", "expect", "aim", "intend", "plan", "continue", "will", "may", "would", "anticipate", "estimate", "forecast", "predict", "project", "seek", "should" or similar expressions or the negative thereof, are forward-looking statements. These statements are not historical facts but instead represent only the Company's expectations, estimates and projections regarding future events. These statements are not guarantees of future performance and involve assumptions, risks and uncertainties that are difficult to predict. Therefore, actual results may differ materially from what is expressed, implied or forecasted in such forward-looking statements.

Factors that could cause actual results, performance or achievements to differ materially are set out under the heading "Risks and Uncertainties" in Galane Gold's annual management's discussion and analysis for the year ended December 31, 2013, a copy of which is available on the Company's SEDAR profile at www.sedar.com.Â Management provides forward-looking statements because it believes they provide useful information to investors when considering their investment objectives and cautions investors not to place undue reliance on forward-looking information. Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements and other cautionary statements or factors contained or referenced herein, and there can be no assurance that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, the Company. These forward-looking statements are made as of the date of this press release and the Company assumes no obligation to update or revise them to reflect subsequent information, events or circumstances or otherwise, except as required by law.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.